Category Archive: 5.) Charles Hugh Smith
Is This Why Productivity Has Tanked and Wealth Inequality Has Soared?
Needless but highly profitable forced-upgrades are the bread and butter of the tech industry. One of the enduring mysteries in conventional economics (along with why wages for the bottom 95% have stagnated) is the recent decline in productivity gains (see chart).
Read More »
Read More »
Forget the Bogus Republican “Reform”: Here’s What Real Tax Reform Would Look Like
The point is to end the current system in which billionaires get all the privileges and financial benefits of owning assets in the U.S. but don't pay taxes that are proportional to the benefits they extract. As has been widely noted, the Republicans' proposed "tax reform" is not only just more BAU (business as usual, i.e. cut taxes for the wealthy), it's also not real reform. At best, it's just another iteration of D.C. policy tweaks packaged for...
Read More »
Read More »
The Fetid Swamp of Tax Reform
The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it's far too profitable for politicos to operate their auction for tax favors. To understand the U.S. tax code and the endless charade of tax reform, we have to start with four distasteful realities: 1. Ours is not a representational democracy, it's a political auction in which wealth casts the votes that count.
Read More »
Read More »
CHARLES HUGH SMITH – Collapse of the American Market 2018
SUBSCRIBE for Latest on FINANCIAL CRISIS / OIL PRICE / PETROL / GLOBAL ECONOMIC COLLAPSE / AGENDA 21 / DOLLAR COLLAPSE / GOLD / SILVER / BITCOIN / ETHEREUM / LITECOIN / GLOBAL RESET / NEW WORLD ORDER / ECONOMIC COLLAPSE / DAVOS 2018
Read More »
Read More »
Where are Europe’s Fault Lines?
Beneath the surface of modern maps, numerous old fault lines still exist. A political earthquake or two might reveal the fractures for all to see. Correspondent Mark G. and I have long discussed the potential relevancy of old boundaries, alliances and structures in Europe's future alignments.Examples include the Holy Roman Empire and the Hanseatic League, among others.
Read More »
Read More »
Our Culture of Rape
These are the poisoned fruits of a neofeudal system in which power, wealth and political influence are concentrated in the apex of the wealth-power pyramid. Stripped of pretense, ours is a culture of rape. Apologists for the system that spawned this culture of rape claim that this violence is the work of a few scattered sociopaths. The apologists are wrong: The system generates a culture of rape.
Read More »
Read More »
03-23-13-Macro Analytics – Market Clearing Event – Charles Hugh Smith
QUESTIONS ON THE TABLE 1- How Large can Central Bank’s Balance Sheets actually get before too much is too much? 2- Is Public Debt Monetization A
Read More »
Read More »
09 15 15 MACRO ANALYTICS – Its Getting Ugly out there! w/ Charles Hugh Smith
with Charles Hugh Smith & Gordon T Long 28 Minutes – 21 Slides Charles Hugh Smith and Gordon T Long discuss the US Equity Market Technicals.
Read More »
Read More »